Jordan Brand‘s Vice President of Footwear, David Schechter has announced that the Air Jordan 3 model will go back into the vault, with the “Sport Blue” rendition being the last colorway to drop. While it is unlikely to be a permanent decision, plans for the iconic silhouette will be halted until further notice, perhaps in anticipation for the Remastered line launching in Spring 2015. Although a plethora of variations for the model have released over the past year, news of the sneaker officially being cut will come as a surprise to many, as the signature shoe is one of the more popular silhouettes in the catalog.

Many people consider the Air Jordan 3 to be Michael Jordan’s greatest signature shoe of all time, and Jordan Brand has benefited by re-releasing the shoe in both OG and all-new colorways.

Is this a good thing or bad thing for the sneaker game? One things is for certain; re-sell prices are about to go up.

Let us know where you stand in this sneaker turn of events in the comments. Check out some pics of our favorite AJ3s in the gallery.